Petroleum Economics Course
This course equips you with essential petroleum economics knowledge for upstream oil and gas. You will develop production and price forecasts, model capital and operating expenses plus fiscal terms, compute key metrics like NPV, IRR, and payback periods, conduct sensitivity analyses, and deliver concise, actionable project evaluations ready for decisions.

from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
Gain hands-on skills to assess oil and gas projects effectively. Master creating production forecasts, calculating CAPEX and OPEX, applying fiscal regimes, handling decommissioning costs, performing NPV, IRR, payback, and sensitivity analyses using Excel, and producing sharp executive summaries with solid financial models.
Elevify advantages
Develop skills
- Build realistic oil price forecasts using public data for Brent crude paths.
- Model upstream cash flows including CAPEX, OPEX, taxes, and royalties in Excel.
- Quickly value projects by calculating NPV, IRR, and payback in practical spreadsheets.
- Assess risks through sensitivity analysis, stress tests, and tornado diagrams.
- Deliver clear presentations with four-page executive summaries showing transparent methods.
Suggested summary
Before starting, you can change the chapters and workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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